Give its financial statements Dipolog Rice MillTrial BalanceAccount TitlesDebit (P)Credit (P)Cash in Bank76,200Petty Cash FundAccounts ReceivableAdvances to EmployeesDiesoline Inventory50033,00015,000Satake Rice Mill950,000Furniture & FixturesAccounts PayableUnearned Milling IncomeE. Esparaguera, CapitalE. Esparaguera, DrawingsMilling Income80,0007,0001,130,0008,00052,000Salaries & Wages15,000Taxes & LicensesRepairs & MaintenanceLight and Water2,8005008,000Totals1,189,0001,189,000

The financial statements are prepared by the business entity to show the performance of the…

Dipolog Rice Mill Trial Balance Account Titles Debit (P) Credit (P) Cash in Bank 76,200 Petty Cash Fund 500 Accounts Receivable 33,000 Advances to Employees 15,000 950,000 Diesoline Inventory Satake Rice Mill Furniture & Fixtures Accounts Payable 80,000 Unearned Milling Income 7,000 E. Esparaguera, Capital E. Esparaguera, Drawings Milling Income Salaries & Wages Taxes & Licenses Repairs & Maintenance Light and Water 1,130,000 8,000 52,000 15,000 2,800 500 8,000 Totals 1,189,000 1,189,000

Dipolog Rice Mill Trial Balance Account Titles Debit (P) Credit (P) Cash in Bank 76,200 Petty Cash Fund 500 Accounts Receivable 33,000 Advances to Employees 15,000 950,000 Diesoline Inventory Satake Rice Mill Furniture & Fixtures Accounts Payable 80,000 Unearned Milling Income 7,000 E. Esparaguera, Capital E. Esparaguera, Drawings Milling Income Salaries & Wages Taxes & Licenses Repairs & Maintenance Light and Water 1,130,000 8,000 52,000 15,000 2,800 500 8,000 Totals 1,189,000 1,189,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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